Circular Flow and Aggregate Demand Quiz

Circular Flow and Aggregate Demand Quiz

11th Grade

20 Qs

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Circular Flow and Aggregate Demand Quiz

Circular Flow and Aggregate Demand Quiz

Assessment

Quiz

Social Studies

11th Grade

Practice Problem

Medium

Created by

Cavin Dennis Tito Siregar

Used 2+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the circular flow of income?

A model showing tax systems

A process of income redistribution

A model of money, goods, and services moving through the economy

A tool for tracking inflation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a leakage from the circular flow?

Investment

Savings

Government spending

Exports

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is an injection into the circular flow?

Taxes

Imports

Government spending

Savings

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which sectors are included in the extended circular flow model?

Households and firms only

Households, firms, and trade unions

Households, firms, government, financial sector, and foreign sector

Government and monopolies only

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens when injections equal leakages?

The economy is in equilibrium

Inflation begins

Unemployment rises

GDP falls rapidly

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following correctly represents the multiplier formula?

1 / MPC

1 / (1 - MPC)

MPC × 100

(1 - MPM) × 100

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the marginal propensity to consume is 0.75, what is the value of the multiplier?

2

3

4

5

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